Municipal shareholders tell RWE to take hard line in coal compensation talks

Reuters

Municipal shareholders in RWE have called on Germany’s biggest power producer to drive a hard bargain in talks with the government over compensation for a planned phase-out of coal-fired power plants, news agency Reuters reports. “From the municipalities’ point of view, the decisions can only be absorbed financially if there is adequate compensation,” said Ernst Gerlach, head of the Association of Municipal RWE Shareholders. “RWE should take a tough stance in the pending negotiations over power plant shutdowns,” he said, adding that municipalities hold about 18 percent in RWE.